DFNN, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 18, 2022 at 01:18 am
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DFNN, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was PHP 283.72 million compared to PHP 156.47 million a year ago. Net income was PHP 68.02 million compared to net loss of PHP 28 million a year ago. Basic earnings per share was PHP 0.021 compared to basic loss per share of PHP 0.086 a year ago.
DFNN, Inc. is a Philippines-based information technology (IT) solutions provider and systems integrator. The Company is engaged in the provision of information technology services to financial institutions and gaming companies. The Company also develops, operates, and maintains Web-based and wireless applications for major corporate customers with strength in solutions for financial institutions and gaming companies and provides proprietary order routing software technology and Web-advertising services to stock brokerage firms. The Company is focused on financial transactions, software/middleware development, IT support services, secure platform development and turnkey implementation. Through its subsidiaries and affiliates, the Company also possesses licenses for electronic gaming machines (EGMs), a sports betting exchange, and digital and pari-mutuel games with the Philippine Amusement and Gaming Corporation (PAGCOR).